Actually, we do all benefit when small businesses profit enough to stay around. For your line of thinking to be correct you would have to believe that you and your business exist in some kind of vacuum with magical leprechauns as customers and suppliers and a workforce who just appear when needed. If the small business that makes the inputs I use for my product, or the inputs my suppliers use, or their suppliers use.... goes out of business it impacts me and every other business owner in our industry no matter how well run. If all of our customers can't afford to buy our products because 50% of them lost their jobs because their companies went out of business, that impacts all of us. If you as a customer now can't purchase the products you need because someone in that chain went under, it impacts you. There is tremendous value to all of us from having a rich ecosystem of small businesses around us, even if we never see a dollar of their profit. Should we subsidize small business forever in the way we do farmers? Absolutely not. Should we do something to ensure a significant chunk of them don't go away, hurting all of us, due to a one-time unprecedented event? I think we're all better off from taking that step. And I believe that despite running a business that has enough resources to survive a downturn, is unimpacted by COVID and doing quite well and will not be using any of that aid. If your "business" is personally trading then I guess I can see why one might start to believe that they can stay hunched behind a screen in a windowless room all day and massive disruptions to the rest of the world can be ignored. If you run an actual business with employees and supply chains and customers....that line of thinking is patently absurd.
The real issue is how to differentiate between those that actually need and qualify for help and the rest, who will just use the situation to their advantage. This is the main problem with western governments. Now if the aid is distributed equally to everyone, it makes more sense but that's rarely the case.
Yep the people that need the help, but don't like to complain and invent loads of there illness walk away with nothing, where as the nothing wrong with lying brigade get all of the help because they have no problem begging for help and lying. Seen that too many times, ditches some old mates, when there just openly playing the system for cash, 1 had a head injury couldn't work, play world of warcraft 18hours per day and going to boxing lessons and getting hit in the head was strangely fine mind.
Bottom line sell...sell sell... Earnings gonna be negative with no end in site....risk off...period ..the level of gov intervention should be your sign to get out...
"I am all right,Jack." is probably on the comeback, although it probably never left and was in hibernation.
No Jobs after this shit show, so guess they've got to make a living some how. I'll stick to clicking buy/sell then the X button 1 - 20mins later daily LOL
Agree. Unfortunately, I don't believe that the ability to differentiate and provide timely assistance can both be accomplished.
The Poms have turned complaining into an art form, but they have the advantage that it's in their DNA from birth.